The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-13
CONDITION OF THE MARKETS
Wheatyery Dull, with Moderate Trans
actions at Slightly Lower Prices.
Corn AbsOrbs the Attention of Spectators,
but Business Was Not so Active rs 1t
Might Have Been-PrOvisions Weaker.


Tho Weak Opens with a Dull Market, the
Professionals Doing All the Trading.
NEW YORK, Sept 12.-Money on call was
active at 2 TO z per cent, the last loan being
made at g. closing offered at
Prime mercantile paper. a per cent.
Sterling exchange was firm and active at
g. 04s0t for sxty-day bills and 81 S4l0
1 s42 for demand
The total sales Of stocks to-day were 257.633
shares. including the following: Delaware,
Lackawanna 81 Western, r. s0o Erie, 11,024;
Lake Shore. s,5O5; Louisville Z Nashville. las;
Missouri Pacific 5,11O; Northwestern. 6,340;
Reading, 81, $50; St. Paul. 80 800; Western Union,
b. $50.
The new week upon the Stock Exchange opened
with dull and dropping market, in which the
bulk of the dealings for professional ac-
count London and Chicago were sellers to a
limited extent. The Influences at WORK were
nearly all of unfavorable character, the eff
feet of the disappointing bank statement being
fully felt at the opening. The advance in the
money rate in London and the rates for ex-
ehauge here. with the coal miners strike, were
successfully used against values rumor OF
action by the Secretary Of the Treasury was the
occasion of slight rally late in the day. Upon
is denial further attack was made upon val
hes, which brought prices to the lowest
point of the day The fact that
The coalers did not decline more than they
hid despite the strike in the coal regions was re-
garded element of strength, while West
ern Union was positively strong at times under
the impression that prevailed that the earnings
Cor the current quarter will be more than usually
heavy Richmond q West Point the prnci
pal objective point late in the day, being at
fected by the falling estimates OF the new cotton
crop. The opening was decidedly weak at de-
clines from Saturdays final prices of from as
per cent, with an exceptional loss in Wheeling q
Lake Erie Of u per cent. The market was re-
stricted. and few stocks furnished a
majority of the business done.
Further declines were made in the first hour
under the lead of Lackawanna, but these were
in part regained before noon. After that time
decided weakness was developed, and material
concessions were made throughout the list, the
lowest figures being reached shortly after
o'clock. Dullpess again overspread the market,
and until late in the day little movement was.
noticeab BILE, but in the last hour the covering OF
'shorts" rallied the list fraction. and the close
was quiet but firm. Prices are invariably lower
this evening and Wheeling 81 Lake Erie lost
%; Lake Erie e. Western preferred. "a; Man
haitian. IL; Jersey Central, II; New York Cen
trail Norfolk 81 Western preferred Oregon %
Transcontinental, and Reading, Il: st. Paul, Il:
Kansas e. Texas, Lake Shore, Omaha, and Rich
mond g. West Point i.
The railroad bond market was dull and weak:
Sales $500, 900. Closing figures are almost in
variably lower. Chesapeake & Ohio. series B.
coupon off, lost T. at IL; the tours, 3, at 6S;
Detroit Mackinac g. Marquette land grants. 2,
at 3d. Indiana, Bloomington & Western seconds.
certificates, 8, at 70; Richmond e West Point
SKIES, q at 83; Toledo, Ann Arbor d North
Michigan firsts 81, at "a, and Virginia Midland
general SKIES. 2. at so.
Government bonds were dull and steady.
State bonds were neglected. Closing quota
tions were: